Economics · Poverty and Unemployment
Consider the following statements regarding the measurement of poverty in India: Statement I: The Rangarajan Committee (2014) defined separate poverty lines for rural and urban areas based on monthly per capita consumption expenditure. Statement II: The RBI's updated poverty estimates for 2022–23 used the Consumer Price Index (CPI) to revise the Rangarajan poverty lines. Statement III: India's current poverty assessment increasingly focuses on multidimensional indicators such as health, education, and living standards. Which one of the following is correct in respect of the above statements?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Neit her Statement II nor Statement III is correc t.
- 2Only one of the Statements II and III is correct, and that explains Statement I.✓
- 3Both Statement II and Statement III are correct, but only one of them explains Statement I.
- 4Both Statement II and Statement III are correct, and both of them explain Statement I.
Correct answer
Only one of the Statements II and III is correct, and that explains Statement I.
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